FA4 - Week 1 : Briefing

FA4 - Week 1 : Briefing

Professional Development

10 Qs

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FA4 - Week 1 : Briefing

FA4 - Week 1 : Briefing

Assessment

Quiz

Business

Professional Development

Practice Problem

Medium

Created by

Aina Farhana

Used 1+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a classification of a company?

Corporation

Limited liability partnership

Public limited company

Sole proprietorship

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used for the issuance of shares at a price higher than their face value?

At par

Premium

Right issue

Discount

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the Statement of Cash Flow?

To show the company's profit or loss

To report the company's financial position

To disclose the company's cash inflows and outflows

To list the company's long-term liabilities

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which act governs the financial reporting requirements for companies in Malaysia?

Bursa Malaysia Requirements

Financial Reporting Act 1997

Companies Act 2016

Annual Report Act

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula for calculating owner's equity?

Assets - Liabilities

Assets + Liabilities

Assets / Liabilities

Assets * Liabilities

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the reference book recommended for Company and Group Financial Reporting?

Baz Luhrmann

Trust yourself that you can do it and get it

Lazar, J. and Huang C. C. (2019) Malaysia Financial Reporting Standards, Revised 3rd edition. Kuala Lumpur: McGraw Hill (Malaysia)

Lazar, J. and Tan, L.L. (2019) Company and Group Financial Reporting, Revised 7th edition. Selangor: Pearson

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is your Lead Lecturer name?

Aina Farahana Suhaimi

Aina Farhana Suhaimi

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